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The average price doesn't really tell us anything. I got that the luxury car share is less than 6% when googling quickly. If the luxury phone market is only 6 p
by tdb7893 8y ago
The average price doesn't really tell us anything. I got that the luxury car share is less than 6% when googling quickly. If the luxury phone market is only 6 percent and Apple doesn't even have all of that it wouldn't look good for them. Though one caveat is I have no idea what I'm talking about here.
https://www.google.com/search?ei=V5ctXKnYNY3aswXP-72AAw&q=car+demand+by+type https://www.google.com/search?ei=V5ctXKnYNY3aswXP-72AAw&q=ca...
- Retric 8y agoPremium is not nessisarily luxury. Anyway, the average tells you a lot. To simify, if the cars sold for 20k, 20k, 20k, 20k ... with one selling for X million. The that X million car eats up 16/36 = 44.5% of the value. Further, if the margin is low on 20k cars and high on X million dollar cars then it’s more profitable to just sell the one car. You can play with these numbers, but generally the median is well below the average. So, by revenue 50+% of the market is for 40+k vechile which a premium product. At least compared to a 16k Yaris which gets you from A to B just fine.